Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Again, almost impossible to be short this market even as it fades as any rumor drives it up. There are words on the twittersphere that the IMF will be backstopping Spain if need be, and blah blah blah the market jumps nearly 1%. Rinse. Wash. Repeat.
That key 1308 level was recovered by this “news”.
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